Twentyeight Health secures $10m Series A to expand digital-first reproductive and sexual care
45% of American women seeking reproductive health services face significant challenges in accessing care
Twentyeight Health, digital-first women's healthcare platform delivering convenient, affordable, and stigma-free reproductive and sexual care in 43 states across the US has announced a $10 million in Series A funding.
Led by Seae Ventures, with participation from Impact America Fund, The Social Entrepreneurs' Fund, RH Capital, Impact Engine, Gratitude Railroad, and Townhall Ventures, this brings the company's total funding to $25 million.
Twentyeight Health provides online prescriptions such as birth control, the morning after pill, pregnancy tests and herpes treatment to more than 100,000 users to date. As well as its Series A, the start-up is announcing new partnerships with leading Medicaid insurers, including Aetna, AmeriHealth, and Molina. This means Twentyeight Health now accepts almost every commercial insurance and Medicaid plan.
The start-up has experienced a surge of user interest following the results of the November 5 presidential election, including a 52% jump in overall conversion, a 10% increase in website traffic, and a doubling in emergency contraception sales.
Bruno Van Tuykom, CEO and Co-Founder of Twentyeight Health, said:
"45% of American women seeking reproductive health services face significant challenges in accessing care, especially the 19 million living in contraceptive and maternity care deserts where options are few."
"Our new funding and payer partnerships will bridge this gap, helping women receive the essential care they need, regardless of geography, income, race, age, or coverage status. At an inflection point for women's health, we are prepared to meet the moment by continuing to invest in our user experience and expanding our reach nationwide to deliver a real solution to a growing problem."
Twentyeight Health's Impact
Since launching in 2018, Twentyeight Health has built upon its mission to support women from underserved, difficult-to-reach communities with approachable reproductive and sexual health services.
Half of Twentyeight Health's users make less than $20,000 per year, making them reliant on services that accept Medicaid. With a strong network of payer partnerships, Twentyeight Health can often deliver care with a $0 co-pay and $0 prescriptions, and many more collaborations are on the horizon for 2025.
The start-up also plans to launch new products and services in 2025 to add to its comprehensive family planning, maternity and sexual health resources.
Its reach expands across 43 states - including Florida, Texas, Nevada and Ohio - and now covers 93% of American women.
Twentyeight Health is designed for underserved communities - three in five Twentyeight Health users are considered underserved, two in five do not see a Primary Care Provider outside of the platform, and nearly three in five identify as people of color. Before joining Twentyeight Health, 65% of users did not have access to birth control.
Arianne Kidder, Partner at Seae Ventures said:
"Raising $10 million in this economic climate is no small feat, reflecting both the resilience and relevance of Twentyeight Health's mission."
"With Medicaid spending $200 billion annually on women's health for reproductive age women, we see real potential in the company's platform and approach. But this isn't just about the market opportunity; it's about backing a company tackling an urgent problem in a smart, scalable, quality-driven way. As the team makes meaningful strides in increasing access to essential services, we're confident Twentyeight Health will continue standing out as a leader in digital-first women's healthcare."